Ethan Allen Interiors Inc.

Rank 60

Description: Ethan Allen Interiors manufactures and distributes wood furniture, upholstered sofas and chairs, rugs, lamps, draperies and other decorative home accessories. Its products are sold by a network of 297 Ethan Allen galleries, which exclusively sell Ethan Allen products.

Developments: Ethan Allen Interiors expanded its retail network both in the United States and internationally. During the past year, 19 new stores were opened, including three large stores in Japan.

As a result, the company's financial condition has improved. Last year's sales increased more than 7 percent, contributing to a net-income-per-share increase of 27 percent. In addition, the company reduced indebtedness by more than $45 million.